Once in a Blue Moon Academia (OBMA)

 DHFL Scam: Who are Gaining from Such Surgical Strike? DHFL Scam: Who are Gaining from Such Surgical Strike? Posted on 17th January, 2025 (GMT 17: 45 hrs) ABSTRACT The DHFL scam has caused massive financial losses for thousands of victims while benefiting select groups. Common citizens lost life savings, while influential business figures allegedly profited by acquiring assets cheaply by means of crony political connections. The healthcare sector and legal professionals gained from increased demand for services due to victims’ distress. Media outlets also capitalized on the scandal for coverage. The case raises concerns about systemic failures, lack of accountability, and the exploitation of financial crises for profit by powerful entities, calling for urgent reforms in regulatory oversight . All those who are familiar with OBMA’s activities, should be well aware of the DHFL Scam by now. It is undoubtedly one of the big financial scams that post-independent India has ever witn...

  An Open Letter to Shri Ajit Doval: Addressing the Menace of Superrich Wilful Defaulters An Open Letter to Shri Ajit Doval: Addressing the Menace of Superrich Wilful Defaulters Posted on 5th January, 2025 (GMT 13:30 hrs) ABSTRACT The open letter to Shri Ajit Doval, India’s National Security Advisor, highlights the escalating issue of superrich wilful defaulters undermining the nation’s economic stability. It contrasts the swift penalties faced by ordinary citizens for minor loan defaults with the impunity enjoyed by affluent defaulters, who collectively owe approximately ₹90,000 crore. Public Sector Unit (PSU) banks have written off substantial sums, including ₹68,000 crore during the second wave of COVID-19, raising concerns about financial governance and equity. Despite Red Notices from the National Crime Bureau, international actions, particularly by Interpol, have been ineffective, allowing individuals like Vijay Mallya, Nirav Modi, and Mehul Choksi to evade justice abroa...

 Call for an In-Depth Probe into Alleged Underworld-BJP Ties in the DHFL Scam: An Open Letter to Shri Ajit Doval Call for an In-Depth Probe into Alleged Underworld-BJP Ties in the DHFL Scam: An Open Letter to Shri Ajit Doval Posted on 1st January, 2025 (GMT 16:25 hrs) ABSTRACT An open letter dated January 1, 2025, addressed to India’s National Security Advisor, Shri Ajit Doval, calls for a thorough investigation into alleged connections between the underworld, the Bharatiya Janata Party (BJP), and the Dewan Housing Finance Corporation Limited (DHFL) scam. The letter references media reports, including a 2019 exposé by Cobrapost titled “DHFL: The Anatomy of India’s Biggest Financial Scam,” which suggest links between figures such as Dawood Ibrahim, the late Iqbal Mirchi, Chhota Shakeel, RKW Developers (Dheeraj Realty), DHFL, and the BJP. The authors express concern over the lack of response to Right to Information (RTI) requests on the matter and note the BJP’s silence regardin...